San Francisco Federal Reserve President Mary Daly said on Thursday that incoming U.S. economic data looks promising despite uncertainties and continued risks to both the Fed's ?inflation and employment mandates. "We will need to be deliberate as we ?calibrate policy to achieve both price stability and ?full employment," she said in a ?post on LinkedIn.
President Donald Trump will ?decide on ?his nominee ?for ?the ?U.S. Federal Reserve ?chair ?in the next couple ?of ?weeks, ?White House spokeswoman Karoline Leavitt ?told reporters on Thursday, saying there ?were ?a few people ?he liked for the job.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
iShares Silver Trust (SLV) shares are dipping on Thursday, pulling back from recent record gains as investors take profits following silver?s surge. Silver surged to fresh all?time highs earlier this week, fueled by rising political tension around Federal Reserve Chair Jerome Powell and growing instability in the Middle East.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges adjusting the data for seasonal fluctuations around this time of the year. The labor market remains in what economists and policymakers have termed a "low-hire, low-fire" state.
U.S. mortgage rates fell significantly this week after the Trump administration initiated purchases of mortgage-backed securities to boost housing affordability. The average rate ?on the popular 30-year fixed-rate mortgage declined to 6.06%, ?the lowest level since September 2022, ?from 6.16% last week, mortgage finance ?agency Freddie ?Mac said on Thursday.
Weekly applications for unemployment insurance in the US unexpectedly fell, while continuing claims also moved lower, government data showed Thursday. For the week through Jan. 10, the seasonally adjusted number of initial claims dropped by 9,000 to 198,000, the Department of Labor said. The four-week moving average totaled 205,000, its lowest level since Jan. 20, 2024, the DOL said.
The Toronto Stock Exchange is up 117 points, passing the 33,000 level, to a new record high. The best performers are industrials and financials. Canadian existing home sales fell 2.7% month-on-month in December, marking a second straight monthly drop, and largest decline since March. Average home prices were flat on m/m basis in December.
European stock markets closed mostly higher Thursday as the Stoxx Europe rose 0.5%, Germany's DAX 40 gained 0.3%, the FTSE 100 climbed 0.5%, and the Swiss Market Index increased 0.1%. France's CAC 40 eased 0.2%. In Germany, annual gross domestic product grew 0.2% in 2025, according to the Federal Statistical Office.
China's central bank announced several targeted easing measures earlier Thursday at a joint briefing with State Administration of Foreign Exchange, said Societe Generale.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.06%. ?Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years,? said Sam Khater, Freddie Mac?s Chief Economist.
After two years of a mild recession, the German economy returned to modest growth in 2025, said Berenberg after Thursday's gross domestic product data. Helped by a 1.4% rise in private and a 1.5% increase in public consumption, calendar-adjusted GDP edged up by 0.3% last year, noted the bank.
* US jobless claims fall, boosting Fed rate hold expectations. * Fed futures delay rate cut expectations to June amid labor data. * Japanese yen weakens on potential fiscal policies by PM Takaichi. By Karen Brettell.
Freddie Mac Multifamily today announced its 2025 production volume totaled $77.6 billion, a 17% increase over 2024. The total 2025 production volume included $1.2 billion in Low-Income Housing Tax Credit equity investments as well as $1.1 billion in workforce housing preservation loans and $2.4 billion in forward conversions, which are not subject to the U.S. Federal Housing multifamily loan cap.
Pending city council approval, the February competitive bond sale would be the first issuance from $950 million of debt authorized by voters on Nov. 4.
* Weekly jobless claims stronger than expected. * US import prices rise. * Goolsbee says Fed should focus on inflation. By Chuck Mikolajczak. U.S. Treasury yields were mostly higher on Thursday, after a flurry of economic data came in stronger than expected, slightly denting expectations the Federal Reserve will cut interest rates in the near term.
Canadian existing home sales declined 2.7% month over month in December, marking the second straight monthly drop and the largest decline since March, said TD after the Canadian Real Estate Associaton released data on Thursday. New listings decreased 2% month over month in December, a fourth straight monthly drop.
* Weekly jobless claims drop 9,000 to 198,000. * Continuing claims decrease 19,000 to 1.884 million. By Lucia Mutikani. The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges adjusting the data for seasonal fluctuations around this time of the year.
A major erosion of the Federal Reserve's independence would be negative for the U.S. credit rating, Fitch's top sovereign analyst ?said on Thursday, with any sign that the ?dollar's top global currency crown could slip ?the most critical issue.
A major erosion of the Federal Reserve's independence would be negative for the U.S. credit rating, Fitch's top sovereign analyst ?said on Thursday, with any sign that the ?dollar's top global currency crown could slip ?the most critical issue.
Rosenberg Research said Thursday it "marvels" over the unanimous opinion among Bay Street economists that the Bank of Canada is done in this easing cycle. Many think the next move is a tightening and the markets seem to have bought into that "illusion," the research said, before adding: "A pause is only a pause."
Chicago Federal Reserve President Austan Goolsbee said on Thursday the U.S. central bank should be focused on getting inflation down amid ample evidence of job market stability, in comments that kept alive the prospect of interest rate cuts later this year.
Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that ?amid ample evidence of stability ?in the job market ?the central bank ?should be focused ?on getting inflation down, ?in comments ?that kept alive the prospect of rate cuts ?later ?this ?year.
US initial jobless claims fell to a level of 198,000 in the week ended Jan. 10 from a downwardly revised 207,000 level in the previous week, compared with expectations for an increase to 215,000 in survey of analysts compiled by Bloomberg. The four-week moving average declined by 6,500 to 205,000 after decreasing by 8,500 to a level of 211,500 in the previous week.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges adjusting the data for seasonal fluctuations around this time of the year. The labor market remains in what economists and policymakers have termed a "low-hire, low-fire" state.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but that likely does not signal a material shift in the labor market, which remains in a holding pattern. Initial claims ?for state unemployment benefits dropped 9,000 to a seasonally adjusted 198,000 for the week ended January ?10, the Labor Department said on Thursday.
The latest Global Economic Conditions Survey published by ACCA and IMA found a gloomy outlook clouding Q4 2025. Highlights and the full report are available at https://www.imanet.org/about-ima/gecs. The Global New Orders Index suffered a third consecutive quarterly decline, raising the risk of some moderation in global growth, although it remains significantly above its pandemic-era low.
The rate of senior loan writedowns by private credit funds has tripled since 2022 as higher interest rates have pressured the riskier companies that borrow from these shadow banking ?entities, MSCI said in a report on Thursday.
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, voiced optimism about the U.S. economy, forecasting sustained growth and easing inflation.
Putting Youth Voices at the Heart of Global Conversation to Create Solutions to Shape Future Policy, Industry & Society ST.?GALLEN, Switzerland, Jan. 15, 2026 ?Institut auf dem Rosenberg, recently named "Best School in the World" by Premium Europe, will make history in January 2026, as the first school ever to host during the World Economic Forum.
Canada's housing market was still chilled in December, with existing home sales falling 2.7% in the month and 4.5% from a year ago, said Bank of Montreal. With new listings also down 2% in the month, the market balance didn't change much at the national level, and remains balanced overall, noted the bank.
The US dollar rose against its major trading partners early Thursday, except for a decline against the yen, ahead of a busy day of economic releases, starting with weekly jobless claims, import and export prices for November, and manufacturing data for January from the New York and Philadelphia Federal Reserve Banks, all at 8:30 am ET.
Morgan Stanley's (MS) profit beat analysts' expectations in the fourth quarter, fueled by a 47% jump in investment banking revenue as dealmaking surged and debt underwriting fees nearly doubled. A flurry of large transactions propelled global mergers and acquisitions past $5.1 trillion last year as exuberance over AI and rate cuts by the Federal Reserve encouraged companies to pursue buyouts.
Canadian existing home sales fell 2.7% month-over-month seasonally adjusted in December, said Scotiabank after the release of data from the Canadian Real Estate Association on Thursday. Weather likely played a role as winter gripped large parts of the country earlier than normal in recent years, stated the bank. MT Newswires does not provide investment advice.
Orla Mining (ORLA) late on Wednesday provided an update on its South Railroad gold project in Nevada that includes the results of a feasibility study and board of directors' approval to begin spending for detailed engineering, procurement and project execution. The study reaffirms the project's strong economics, the company said.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries turn sideways in late New York session, soften in Asia, Japanese government bond curve flattens. Fed: Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is too high, but trending in the right direction.
Brazil's central bank ordered on Thursday the liquidation of brokerage REAG, currently known as CBSF, according to a document ?signed by Governor Gabriel Galipolo, in the latest ?fallout from the collapse of mid-sized lender ?Banco Master.
MUFG said the Bank of England is expected to cut rates by a further 50bps this year. Yields in the United Kingdom are still under downward pressure at the start of this year both at the short and long end of the curve, wrote the bank in a note to clients.
* Traders on watch for BoJ intervention to support yen near 160. * Concerns over possible increased fiscal spending weigh on Japanese currency. * Risks to Fed independence remain under the spotlight. * German data offers mild support to euro, Greenland in focus. By Stefano Rebaudo.
China will further diversify export markets and promote a more "balanced" ?development of trade, its commerce ?minister said, after the ?country posted a record ?trade surplus ?of nearly $1.2 trillion in ?2025 led ?by booming exports to non-U.S. markets.
U.S. bond investors are bracing for higher long-term yields as a criminal investigation into Federal Reserve Chair Jerome Powell has fueled expectations of elevated inflation, a move that could end up amplifying affordability concerns.
U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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